Bill > HB1162

This bill introduces a comprehensive rental rate increase control measure for Indiana, effective July 1, 2025, that limits landlords' ability to raise rental rates. Specifically, the bill caps rent increases at the lesser of 5% plus the percentage cost of living increase or 10% over a 12-month period, based on the lowest rental rate charged during the previous year. The legislation applies to most rental units, with significant exceptions including affordable housing, student dormitories, duplexes where the landlord resides, and certain individually owned properties. Landlords are prohibited from increasing rent more than twice in a 12-month period for the same tenant and must provide written notice of any increase. The bill requires rental agreements to separately list rental rates and any discounts or incentives, and explicitly states that any tenant waiver of these protections is void. To assess the law's impact, the legislative services agency is mandated to submit a comprehensive report to the general assembly by July 1, 2030, analyzing the effect of the rental rate cap on Indiana's housing market. The bill is set to expire on December 31, 2030, making it a temporary measure designed to provide short-term relief and gather data on rental market dynamics.